INDOY (Indorama Ventures PCL) Debt-to-EBITDA : 9.31 (As of Mar. 2026) — 115% Above Median


INDOY Indorama Ventures PCL INDOY
72 GF Score
Price $7.03
GF Value $6.08
! 6 Warning Signs
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What is Indorama Ventures PCL Debt-to-EBITDA?

Indorama Ventures PCL INDOY 72 Debt-to-EBITDA is 9.31 as of Mar. 2026, which is 115% above its 10-year median of 4.33. GuruFocus rates INDOY with a GF Score™ of 72/100 and a GF Value™ of $6.08. The stock has 6 warning signs investors should review. Among 1,232 Chemicals companies, Indorama Ventures PCL ranks worse than 86.61% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Indorama Ventures PCL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,858 Mil. Indorama Ventures PCL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $6,579 Mil. Indorama Ventures PCL's annualized EBITDA for the quarter that ended in Mar. 2026 was $906 Mil. Indorama Ventures PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 9.31.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Indorama Ventures PCL's Debt-to-EBITDA or its related term are showing as below:

INDOY' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.68   Med: 4.33   Max: 11.82
Current: 8.77

During the past 13 years, the highest Debt-to-EBITDA Ratio of Indorama Ventures PCL was 11.82. The lowest was 2.68. And the median was 4.33.

INDOY's Debt-to-EBITDA is ranked worse than
86.61% of 1232 companies
in the Chemicals industry
Industry Median: 2.16 vs INDOY: 8.77

Indorama Ventures PCL  (OTCPK:INDOY) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Indorama Ventures PCL Debt-to-EBITDA Related Terms


Indorama Ventures PCL Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Indorama Ventures PCL's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indorama Ventures PCL Debt-to-EBITDA Chart

Indorama Ventures PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.51 3.33 8.63 11.82 8.01

Indorama Ventures PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.02 6.75 8.27 11.97 9.31

INDOY vs DOW: Debt-to-EBITDA Comparison

For the Chemicals subindustry, Indorama Ventures PCL's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indorama Ventures PCL Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Indorama Ventures PCL's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Indorama Ventures PCL's Debt-to-EBITDA falls into.


INDOY
72GF Score
Indorama Ventures PCL INDOY
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Indorama Ventures PCL Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Indorama Ventures PCL's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1937.91 + 6427.347) / 1044.845
=8.01

Indorama Ventures PCL's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1858.173 + 6579.136) / 906.364
=9.31

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.31 mean?
Indorama Ventures PCL (INDOY) has a Debt-to-EBITDA of 9.31 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Indorama Ventures PCL. This is 115% above median its historical median of 4.33. Over the past decade, Indorama Ventures PCL's Debt-to-EBITDA has ranged from 2.68 to 11.82. According to the industry distribution chart, Indorama Ventures PCL ranks #1067 out of 1232 companies in the Chemicals industry, placing it in the top 86.6%.
Is Indorama Ventures PCL's Debt-to-EBITDA too high?
Indorama Ventures PCL's current Debt-to-EBITDA of 9.31 is 115% above median its 10-year median of 4.33. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 11.82. The Chemicals industry median Debt-to-EBITDA is 2.16. Indorama Ventures PCL's value of 9.31 is 331% above this industry median. Based on the distribution chart, Indorama Ventures PCL ranks #1067 out of 1232 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Indorama Ventures PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Indorama Ventures PCL's Debt-to-EBITDA compare to DOW?
According to the Chemicals industry distribution chart, Indorama Ventures PCL ranks #1067 out of 1232 companies for Debt-to-EBITDA. This places Indorama Ventures PCL in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. Indorama Ventures PCL's value of 9.31 is 331% above this benchmark. Historically, Indorama Ventures PCL's own Debt-to-EBITDA has ranged from 2.68 to 11.82 over the past decade. While the company's 10-year median is 4.33 vs. the industry median of 2.16, Indorama Ventures PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,232 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indorama Ventures PCL's current Debt-to-EBITDA of 9.31 is 331% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Indorama Ventures PCL. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indorama Ventures PCL's current Debt-to-EBITDA is 9.31, which is 115% above median its own 10-year median of 4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indorama Ventures PCL stock overvalued right now?
Indorama Ventures PCL (INDOY) has a current Debt-to-EBITDA of 9.31. The stock's GF Value™ is $6.08, compared to a current price of $7.03 — trading 15.6% above its estimated fair value. The current Debt-to-EBITDA is 9.31, which is 115% above median its 10-year median of 4.33 and 331% above the Chemicals industry median of 2.16. Indorama Ventures PCL's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Indorama Ventures PCL (INDOY), the current Debt-to-EBITDA is 9.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indorama Ventures PCL (INDOY) Overvalued in 2026?

Based on GuruFocus' analysis, Indorama Ventures PCL stock appears to be overvalued. The current stock price of $7.03 is trading 15.6% above its estimated GF Value™ of $6.08.

Key valuation signals for INDOY:

  • Debt-to-EBITDA: 9.31 (115% above median its 10-year median of 4.33)
  • GF Value™: $6.08 vs. price of $7.03 (15.6% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 331% above the Chemicals median (#1067 of 1232)

No single metric tells the full story. See the INDOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indorama Ventures PCL Business Description

Other Exchanges IVL:ThailandI93:Germany
Address Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110
Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives and Fibers. The maximum revenue is derived from the Combined PET segment.
72GF Score

Get the complete analysis for INDOY

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.03
Price
$6.08
GF Value